A local bank is the fifth to be put under a written agreement with regulators in hopes of stemming the damage caused by millions in souring loans.
Richmond’s biggest bank is expanding again.
With cash from a planned IPO, sleepy Franklin Federal Savings Bank might look for acquisitions in its bid to become more like a regular bank. And as part of the IPO process, the company revealed how much it paid its CEO.
Jack Zoeller spoke with BizSense during his first of couple days at his new job as CEO of Bank of Virginia.
The deal that will do away with the historic Consolidated Bank & Trust name cleared several hurdles.
Bank of Virginia finally gets the cash it has been waiting for, and with the funds come some leadership changes.
Richmond is home to three of the four lowest-rated banks in the state, according to ratings released last week.
A Midlothian-based bank badly in need of capital is still waiting on the deal to clear a regulatory hurdle.
Richmond rejoiced upon hearing that Capital One would bring 700 jobs to a consolidated operations center in Innsbrook. The company also announced it would add 300 jobs throughout the state by the end of 2011. The city of New Orleans isn’t so lucky. The McLean-based bank has notified 100 workers at an office there that… Read more »
A local bank said last week that it expects to enter a written agreement and turnaround plan with state and federal regulators.